Parkwood LLC Purchases 16,184 Shares of Lennar Corporation $LEN

Parkwood LLC grew its holdings in Lennar Corporation (NYSE:LEN) by 25.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,253 shares of the construction company’s stock after purchasing an additional 16,184 shares during the quarter. Parkwood LLC’s holdings in Lennar were worth $8,877,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LEN. Texas Capital Bank Wealth Management Services Inc increased its position in Lennar by 77.7% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 3,649 shares of the construction company’s stock valued at $419,000 after buying an additional 1,596 shares in the last quarter. denkapparat Operations GmbH purchased a new position in Lennar during the 2nd quarter worth approximately $408,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Lennar by 199.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 31,187 shares of the construction company’s stock valued at $3,580,000 after acquiring an additional 20,787 shares during the last quarter. Allstate Corp grew its position in Lennar by 62.4% during the 1st quarter. Allstate Corp now owns 11,711 shares of the construction company’s stock worth $1,344,000 after purchasing an additional 4,500 shares during the period. Finally, Circle Wealth Management LLC acquired a new position in shares of Lennar in the 1st quarter valued at about $462,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Stock Performance

Shares of LEN stock opened at $119.05 on Friday. The firm has a 50 day moving average of $123.72 and a two-hundred day moving average of $121.18. The company has a quick ratio of 0.68, a current ratio of 4.49 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $30.36 billion, a PE ratio of 11.76, a P/E/G ratio of 5.03 and a beta of 1.38. Lennar Corporation has a 52 week low of $98.42 and a 52 week high of $157.45.

Lennar (NYSE:LEN) last issued its earnings results on Thursday, September 18th. The construction company reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.14). Lennar had a net margin of 7.72% and a return on equity of 11.09%. The firm had revenue of $8.81 billion during the quarter, compared to analyst estimates of $9.01 billion. During the same period last year, the business earned $3.90 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. On average, research analysts predict that Lennar Corporation will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, October 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. Lennar’s dividend payout ratio is 19.76%.

Analysts Set New Price Targets

Several research firms recently issued reports on LEN. Bank of America decreased their target price on shares of Lennar from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Wells Fargo & Company reduced their price target on shares of Lennar from $135.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, October 10th. Barclays cut Lennar from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $95.00 to $98.00 in a research report on Monday. Wall Street Zen cut shares of Lennar from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Lennar in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lennar presently has a consensus rating of “Hold” and an average price target of $121.77.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.